The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-11-05
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TRADE OUT OF DANGER.
THE VOLUME OF BUSINESS CON
TINUES LARGE.

/ Prices Bettered as Eule Only Wyfars
There are Effective Trade Combina.
tions The Architectural Demand
Failing OF The Demand for wooleu
Goods Lighter Than Was Expected.
NEw YORK. Nov. Ar. g. Dun & Cor
weekly review of trade says: Notwith.
standing slow collections in many auarteri
and some failures OF unpleasant signif.
canoe, the prevalent feeling is that the most
serious points Of danger have been
weathered, ano that trade snd industries
have been war; Ell in season to check unsafa
expansion. TIE volume Of business con-
tinues large, whether Judged by reports
from money centres, by bank
exchanges outside of New York
(Which exceed last years by about
Is per cent, or by railroad tonnage. which
results IN an increase of about u per cent
over last year N reported earnings. but
prices don't advance much In general bet
ter prices appear only where there ara
effective trade combinations. The long
hesitation in the steel rail market is broken
by lower price. sales If Northwestern and
New England delivery having been made on
the basis Of So at the mill. Pig iron Is
weaker al Pittsburg. Bar is not 50 strong.
LEss BUILrISG.
The architectural demand slacksns. and
nrils are dull
In woolen manufacture tho Gemsnd ,
tinues lighter than has been expecp-d, an.
auctions of light weight goods and rcsierv
occupy attention. There is soDle complsinh
OF slow collections at most Western points,
but at most points money Is easier
or IN ample supply, though collec-
lions are inconveniently slow AZ
some places where currency is abundant.
Both Eastern and Western manufacturers
IN many branches find the demand less than
was expected, and alike in Eastern and
Western cities narrow profits in the trsde
are reported Interstate decisions tend
steadily toward lower rates for transporta-
ton, and the trunk lines have aSreed upon
uniform export rates by the different routes
and through different Atlantic ports A
large increase in rail oud ex-
penses keeps pace, IN numerous
instances, with the past increase in
earnings. Foreign imports for tie past two
weeks show an increase of over 10 per cent,
and the exports from New York decrease
OF 81 per cent. compared with last year
Funds are coming hither from Boston,
out Western and Southern exchange still
indicates some movement of currency to
those sections
The business failures occurring through
out the country during the lse5s number for
the United States I95, and for Canada 20. a
total OF 20 against 2l6 last week The iu-
crease, noticeable this week, arises also-
gether in the Western and Southern States.
FAILU RES AT LOUISVILLE
Louisville, fov. 4.--Tbere were two
large failures on Main street today. Hess.
Mayer q Co, wholesale dealers in drF
goods aud notions lade an assignment, as
did also denke a. " olfe. Wholesale dealers
a hats ard caps. The liabilities aud assets
are stated in neither casp but Hess, Mayer
d Co are rated in the commercial agencies
at between Sl50, 600 an3 500, 600 and Henke
~ Wolfe at about $4,000 Tbs failure Of
Hess, Mayer Z, Co, is a great surprise, tho
firm being one % the largest and most pro-
qrexslVe IN the city